Reddit Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
RDDT$100.79+6.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share and per share amounts)
| June 30,2024 | December 31,2023 | |
|---|---|---|
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $467,952 | $401,176 |
| Marketable securities | 1,231,099 | 811,946 |
| Accounts receivable, net | 240,093 | 245,279 |
| Prepaid expenses and other current assets | 41,599 | 21,286 |
| Total current assets | 1,980,743 | 1,479,687 |
| Property and equipment, net | 14,168 | 14,946 |
| Operating lease right-of-use assets, net | 25,107 | 24,008 |
| Intangible assets, net | 27,772 | 32,147 |
| Goodwill | 26,299 | 26,299 |
| Other noncurrent assets | 2,273 | 19,380 |
| Total assets | $2,076,362 | $1,596,467 |
| LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $64,329 | $46,514 |
| Operating lease liabilities | 5,368 | 3,707 |
| Accrued expenses and other current liabilities | 89,818 | 83,349 |
| Total current liabilities | 159,515 | 133,570 |
| Operating lease liabilities, noncurrent | 22,757 | 22,040 |
| Other noncurrent liabilities | 255 | 287 |
| Total liabilities | 182,527 | 155,897 |
| Commitments and contingencies (Note 9) | ||
| Convertible preferred stock, par value $0.0001 per share; no and 86,864,781 shares authorized as of June 30, 2024 and December 31, 2023, respectively; no and 73,021,449 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively; aggregate liquidation preference of $0 and $1,847,993 as of June 30, 2024 and December 31, 2023, respectively | — | 1,853,492 |
| Stockholders’ equity (deficit): | ||
| Preferred stock, par value $0.0001 per share; 100,000,000 and no shares authorized as of June 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of June 30, 2024 and December 31, 2023 | — | — |
| Class A common stock, par value $0.0001 per share; 2,000,000,000 and 189,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 62,479,462 and 7,099,700 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 6 | — |
| Class B common stock, par value $0.0001 per share; 140,000,000 and 142,000,000 shares authorized as of June 30, 2024 and December 31, 2023, respectively; 103,154,629 and 53,904,204 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 11 | 6 |
| Class C common stock, par value $0.0001 per share; 100,000,000 and no shares authorized as of June 30, 2024 and December 31, 2023, respectively; no shares issued and outstanding as of June 30, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 3,196,549 | 302,820 |
| Accumulated other comprehensive income (loss) | (1,004) | 814 |
| Accumulated deficit | (1,301,727) | (716,562) |
| Total stockholders’ equity (deficit) | 1,893,835 | (412,922) |
| Total liabilities, convertible preferred stock, and stockholders’ equity (deficit) | $2,076,362 | $1,596,467 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.